LSE Market News

The share price of department store giant, Debenhams (LSE:DEB) was already falling, closing down more than 4.0% yesterday, when it wrecked the halls and the boughs of holly for its suppliers with a Christmas gift that it gave to itself at its suppliers’ expense. Debenhams share price has dropped another 2.2% today to 80.20 after […]

Europa Oil & Gas (LSE:EOG) have announced a detailed placing and open offer to raise approximately £4 million. The funds will be used to drill an additional well onshore UK in 2014; to advance the Company’s Irish Atlantic Margin licences where it partners with Kosmos Energy; and to participate in the next Irish Licensing Round. […]

Northcote (LSE:NCT), an onshore US oil and gas exploration and production company, has commenced work on the Moursand A-2 well, in the Little Drum Unit in Osage County, Oklahoma in which Northcote has an 51.75% working interest and 75.1% net revenue interest. This project will complete the targeted four well fracture stimulation programme planned for […]

Africa Oilfield Logistics (LSE:AOL), an AIM listed African focused support services and logistics company, has raised £4.5 million (approximately $7.3m) by way of a placing of 60,000,000 new ordinary shares in the Company at a price of 7.5 pence per Placing Share with existing and new institutional investors. The funds raised will be used to […]

Ferrex (LSE:FRX), an AIM quoted iron ore and manganese development company focused in Africa, has said that it has raised approximately £700,000 before costs by way of a placing of 36,114,427 new ordinary shares in the company at a price of 1.95 pence per Placing Share with institutional investors. Additionally, for every two Placing Shares, […]

Earlier this morning British pharmaceutical giant GlaxoSmithKline (LSE:GSK) announced a complete revamping of it incentive pay plans for its sales staff and of incentives paid to doctors for promoting its products.  For whatever reason, investors seems to have panicked on the London Exchange.  As I am writing, it will be only a matter of minutes […]

African Potash (LSE:AFPO), an AIM listed company focussed on sub-Saharan potash assets, has reportedly commenced an Environmental and Social Impact Assessment (ESIA) at its 702.5 sq km Lake Dinga Potash Project in the Republic of Congo. The ESIA has been commissioned by the company ahead of the commencement of a drilling programme in 2014. African […]

Africa Oilfield Logistics (LSE:AOL), an AIM listed African focused support services and logistics company, announces its results for the period ended 30 June 2013. CHAIRMAN’S STATEMENT (in full): Africa Oilfield was established in December 2012 as an investment company focussed on the logistics and support service industry in sub-Saharan Africa. This geographic focus was chosen […]

Seeing Machines (LSE:SEE) made a mark today with a 16.7% increase in its share price. Every so often we need to take time to look at some of the smaller companies on the London exchange like Seeing Machines.  Afterall, these are the ones where a lot of money can be made once the company reaches a […]

The share price of ARM Holdings (LSE:ARM) rose sharply in early trading yesterday from Thursday’s close at 972.80.  The share price reached a high for the day of 1028.0 at about 9:45 am, a 15.7% increase, before closing the day at 1001.0, up nearly 3.0% on the day. The odd thing is that there was […]